[HIGHLIGHTS] The State Administration of Foreign Exchange released data on external financial assets and liabilities of China's banking industry at the end of 2023

The State Administration of Foreign Exchange released data on external financial assets and liabilities of China's banking industry at the end of 2023. RMB net liabilities were US$2,873.

billion US dollars, with net foreign currency assets of US$456.8 billion. In terms of investment sectors, US$754.9 billion was invested in the overseas banking sector, accounting for 51%; US$735.1 billion was investments in overseas non-bank sector, accounts for 49%.